I'm sort of intrigued on this 'synthetic stocks' thing. What exactly are you buying there?
In the US, we have 'ADR" (American Depository Receipt) products for foreign companies. A company holds foreign shares, then issues ADRs which can (nominally) be exchanged 1:1 for them. That allows investors to get involved without the legal complexities of actually getting the shares in their name.
They're a normal thing you buy through ordinary domestic brokerages.
You’re essentially buying a token that’s pegged to the price of a stock. You don’t have the same benefits as the actual stockholder, but you do get exposure to the price appreciation.
I get it that its not the same thing, but if your intention is to profit from stockmarket speculation (like many investors), its a workaround, especially if your local market doesn’t have any brokerages that allow access to US equities to retail investors. Even in India, retail couldn’t easily buy US equities until two years ago.
Imagine the situation for someone in a poor African country. There are no local brokerages that allow them to access US markets. They are effectively forced to invest in poorly regulated, low value local companies through heavily manipulated local stock markets. For such people, being able to buy some ETH and buy a liquid, synthetic version of AAPL is a gamechanger
In the US, we have 'ADR" (American Depository Receipt) products for foreign companies. A company holds foreign shares, then issues ADRs which can (nominally) be exchanged 1:1 for them. That allows investors to get involved without the legal complexities of actually getting the shares in their name.
They're a normal thing you buy through ordinary domestic brokerages.